Company: Insurance Council of Australia Page 1 / 4
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- January 29 2026
ICA warns TasInsure will burden taxpayers without reducing premiums
Proposed scheme would require establishment costs of US$106m and prudential capital requirements of up to US$359m, and run annual operating deficits of up to US$9m, Insurance Council of Australia (ICA) says.
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- January 28 2026
Losses from Victoria bushfires pass US$140m: ICA
Insurers have received over 3,123 claims from the Victoria bushfires.
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- January 23 2026
Extreme weather cost Australian insurers US$2.4bn in 2025: ICA
Last year, ex-tropical cyclone Alfred was the single costliest event, according to the Insurance Council of Australia (ICA).
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- January 21 2026
Bondi Beach attack claims hit 25, but too early to estimate cost: ICA
Majority are motor claims, while a small number are business interruption claims, the Insurance Council of Australia (ICA) says.
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- January 20 2026
ICA warns against Queensland councils’ mutual insurance plan, urges national pooling
Marsh’s JLT has been asked to consider a mutual insurance option amid growing frustration over a flood-driven surge in premiums.
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- January 16 2026
Victoria bushfires declared by ‘insurance catastrophe’ as claims top 2,300
Aon says expected economic losses are still pending proper assessment, but 'will reach' the hundreds of millions of US dollars.
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- January 13 2026
Victoria bushfire claims top 1,300, more than 500 structures damaged
Insurance Council of Australia says 30% of property claims are total losses for the fires that have been raging since last week.
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- January 11 2026
ICA declares ‘significant event’ for Victoria bushfires
Blazes have torn through more than 300,000 hectares of bushland, destroying more than 130 properties, including homes, and leaving thousands without power.
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- December 16 2025
Bondi Beach attack declared terrorism incident, Australia’s Terrorism Reinsurance Pool activated
Insurance Council of Australia also declares Sunday's incident as a 'significant event'.
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- November 28 2025
ICA extends insurance cat declaration to across Queensland, New South Wales
Insurers have received more than 44,600 claims for Cat 255, or the 'Qld and NSW Severe Storms and Hail'.
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- November 26 2025
Claims top 27,000 after giant hail battered Queensland, New South Wales
Insurance Council of Australia declared an insurance catastrophe after thousands of homes were left without power and residents suffered damage to property.
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- November 13 2025
Australia’s cyclone pool ‘needs greater focus on climate resilience and mitigation’: ICA
- Industry associations
- Australia
- Public sector solutions
- Australian Reinsurance Pool Corporation
- Insurance Council of Australia
Industry group says pool has contributed to reducing pressure on insurance premiums in northern Australia, but not directly reduce underlying extreme weather risk.
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- November 5 2025
ICA expands Severe Spring Storms declaration as Queensland claims surge past 26,000
Storms have produced thousands of new claims across the state, with early industry estimates pointing to insured losses exceeding A$250 million (US$165 million).
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- October 28 2025
ICA declares ‘significant event’ in Queensland after severe hailstorms
The hailstorms in the greater Brisbane region on Sunday have led to over 11,000 claims so far, the industry lobby said.
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- October 15 2025
Australian insurers demand review of ‘outdated’ public liability laws to ease cost pressure
Insurance Council of Australia has made recommendations for state and territory governments to modernise and unify public liability laws that haven’t been reviewed in almost 25 years.
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- October 6 2025
Australia’s insurance losses down 25% in 2024–25, ICA says
Declared events over the 12 months to June 30, 2025, included one cyclone and two floods, according to the Insurance Council of Australia (ICA).
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- September 17 2025
Flood Re 2.0? Australia looks to UK’s blueprint to tackle rising nat cat exposures
Assistant treasurer and minister for financial services Daniel Mulino and Insurance Council of Australia CEO Andrew Hall are in London discussing greater resilience to emerging disasters and natural catastrophe risks.
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- September 15 2025
Climate change puts 1.5m Australians at dire risk, warns first climate risk assessment
Australians living in high-risk communities face increasing costs as a result of rising insurance premiums, with widening protection gaps as many areas become uninsurable, according to a governement report.
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- August 26 2025
Australia home loan guarantee plan risks soaring house prices, outstripping LMI gains: ICA
Industry lobby calls for scheme to be targetted at buyers who genuinely need it to avoid the effective nationalisation of the lenders mortgage insurance (LMI) market.
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- July 21 2025
Australian cyclone season highlights changing landscape, challenges ahead
Ex-Tropical Cyclone Alfred, which caused US$843m in insured losses, was the most high-profile event of the 2024-25 cyclone season that recorded 12 windstorms.
